Please don’t send us homes that have…

By
Real Estate Agent with Keller Williams Realty

Until recently, when someone requested a home, it was always 3 bedrooms / 2 baths...Oh, you know the rest. But, recently I've been noticing more and more of clients calling and asking me to exclude certain homes from their list, as they won't even consider looking at them.

What is this one item that is beginning to be a thorn in my side? OIL TANKS! With the price of oil getting so high, more and more people won't even consider looking at a home with oil heat, and it seems to be the only type of home in their price range.

I'm starting to wonder if more and more people are discounting the price of their homes because they have an oil tank instead of natural gas or electric heat. I'm guessing with summer coming this may be less of an issue, but at the same time as the price of a barrel of oil rises, they still may consider it when looking at homes.



Todd Clark - broker
Kastings & Associates
Phone: (503)524-9494
Fax: (503)622-8739

Courtesy of bjearwicke

Posted by


Todd Clark (broker w/ Ken's Home Team)
Keller Williams Realty
Todd@IFoundYourNewHome.com
Phone: (503)524-9494
Fax: (503)746-9573

 

 

 

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 I am a licensed Realtor who specializes in Washington County, Oregon and also work in both Clackamas and Multnomah Counties including the cities of Aloha, Beaverton, Canby, Clackamas, Gladstone, Gresham, Happy Valley, Hillsboro, Milwaukie, Oregon City, Sherwood and Tigard. All information contained in these posts are copyrighted and cannot be used without prior written approval authorization from the author me Todd Clark. If you are looking for an outstanding agent please give me a call I would love to help you with all your real estate needs.

 

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Ambassador
962,753
Jason Crouch
Broker - Austin Texas Real Estate (512-796-7653)
Austin Texas Homes, LLC

Todd - This is interesting, as we don't have homes here with oil tanks at all.  We do have some rural areas with propane tanks, though many of those are buried and "invisible".

June 17, 2008 08:56 AM
Rainmaker
633,405
Leesa Finley
RED Properties - Raleigh NC Real Estate
RED Properties

No oil tanks here, either.  (that I know of)  We have propane in the rural areas, though.  Funny the different things that we all deal with in different parts of the country.

June 17, 2008 08:57 AM
Rainer
123,776
Hope Goss
Ventura Real Estate
Ventura Property Shoppe

Hmmmm, don't think we have any homes with oil tanks in our area.  I guess that's a good thing, given the current climate.

June 17, 2008 09:09 AM
Rainer
53,187
Marlene Scheffer
Realtor to Kitsap County, WA
Realty Station

We have plenty of oil tanks here, but especially within the city limits of Bremerton because that is where a lot of the older homes are.  However, I haven't heard of anyone rejecting a home because of the cost of oil.  Usually it's because they are afraid of leaking storage tanks, and don't want to get stuck with the expense of decontamination and all that mess. (something that rarely happens, but still a possibility)

June 17, 2008 09:21 AM
Rainmaker
638,600
Fran Gaspari
"The Title Man" - Title Insurance - PA & NJ
Patriot Land Transfer, Inc.

Todd,

It's all in the marketing approach...here's the deal...convert from oil to electric or gas...leave the tank in place...fill it with gas at $4.00 a gallon...laugh in glee when fuel rises to $8.00 a gallon!!!

THIS IS A JOKE...I REPEAT...THIS IS A JOKE!!! DON"T TAKE THIS SERIOUSLY!!!

Thanks,   Fran

 

June 17, 2008 09:31 AM
Rainer
69,380
Connie Rice
Connie Rice & Partners - Greenville, SC Real Estate Team
Keller Williams Greenville Central

Hi!

I am relatively new to this site and trying to help boost my ranking in our little town. Unfortunately others caught on before me and I am way behind. I see you are quite successful and wanted to know if you can give me any advice to move me up the active rain ladder a little faster. Your time is greatly appreciated!

Many Thanks,

Josephine Olson

Connie Rice & Partners

Keller Williams Realty

June 17, 2008 12:09 PM
Rainmaker
525,227
Jeremy Blanton
210 Consulting~ Social Media Advisors

Todd- We are a lot like Jason in our area....no gas tanks here...All our heating & cooling is done with electric.  Very cost effective in our sub-tropic climate.

June 17, 2008 12:18 PM
Rainmaker
72,936
Larry Morris
Larry Morris, NMLS 150073
HomeServices Lending

Todd, are they rejecting them due to price of heating oil or the potential liability due to leaks and liability?

June 17, 2008 01:19 PM
Ambassador
1,879,028
Chris Ann Cleland
Associate Broker, Northern VA
Long & Foster REALTORS®, Gainesville, VA

Todd:  Interesting observation.  I actually had someone ask me about homes with oil tanks the other day, wondering if any would ever come up in his search.  I told him not likely.  He was relieved.

June 17, 2008 09:18 PM
Rainer
16,961
Ginger Walker
Realtor e-PRO,CSP
Keller Williams Realty

You know something I had not thought about this as a factor yet, but it sure is food for thought as I even live in a subdivision where we are all on wells and oil tanks and I know that many subdivisions in this area are as well...Hummm

June 18, 2008 12:51 PM
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Todd Clark

Broker - Beaverton, Oregon Real Estate Expert - (503) 524-9494
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